Active
294 Gerrard St E
Toronto Ontario, M5A 2G4
C$3,300,000
Active
13 Beds
8 Baths
Multi-family
Solid Investment Opportunity! Fully Leased 6-Unit Corner Property (Investor Special) with a 5.49% Cap Rate! This income-generating property features 6 beautifully renovated units, including two 2-bedroom apartments. All units have new decks, kitchens, furnaces, and updated plumbing, along with upgraded 200-amp service. The property is well-maintained with a young 8-year-old roof and 9-year-old boiler system, offering minimal maintenance and reliable cash flow. Prime Location & Development Potential: Situated at a high-traffic corner, this property is just a 30-second walk to TTC transit, offering excellent visibility and consistent rental income. With flexible commercial-residential zoning and future development potential, this is a turnkey, high-yield investment with value-add opportunities. Neighbour interest has been expressed, and the motivated seller presents a rare chance to capitalize on long-term capital appreciation. Don't miss this as-is, passive income opportunity!
C8391532
MLSⓇ ID
November 21, 2024
Updated
Map
294 Gerrard St E
Toronto Ontario, M5A 2G4
Interior Features
Bedrooms
13
Total Bathrooms
8
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Forced Air, Gas
Exterior/Building Features
Lot Size
0.06 Acres
Architectual Style
Other
Sewer
Other
Other Property Details
Area Name
Cabbagetown-South St. James Town
Taxes
$7,022
Tax Frequency
Annually
Garage
No
Parking
None
Parking Total
0
View
No
County
Ontario
Municipality
Toronto
Water Source
Municipal
Pool
No
Pool Features
None
Zoning
Residential
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Based on information from the Toronto Regional Real Estate Board. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Information is deemed reliable but is not guaranteed accurate.
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Data last updated 10:08 AM UTC, 11/21/2024